Shared by
ckz8780
Bounce play. My entry was a bit higher than I wanted so I quickly sized down by 1/3. The rest of the trade actually went really well, selling into highs, until I added back my full position when it started to push through highs and then it just faceplanted on me and I couldn't justify holding it anymore. It dropped extremely quickly so I couldn't really cut it anywhere faster. I guess I was a bit erratic on the selling and I really should have honored my risk rules and just made this a simple entry at $11.88 with a $11.50 or so stop, and let it rip to $13.00. It did get near $13.00 late in the day but due to this trade I didn't have the profit cushion to take a lot of risk and really play it well. Overall, I just mismanaged this one, though the original entry was decent.
300/350 shares
-$126.23 (+3.28%, -4.88%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-13 11:02:59 | YRCW | buy | $11.880 | long |
| 2013-12-13 11:10:36 | YRCW | sell | $11.934 | long |
| 2013-12-13 11:23:52 | YRCW | sell | $12.101 | long |
| 2013-12-13 11:29:11 | YRCW | sell | $12.274 | long |
| 2013-12-13 12:03:03 | YRCW | buy | $12.470 | long |
| 2013-12-13 12:07:48 | YRCW | sell | $11.890 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Really like the original entry, your exits seemed premature. I'd think 1st target would be intraday highs.